Corporate Investment report, February, 2026.

Top 20 Global Investment Deals, February 2026

• Corporate M&A (strategic buyers)

• Sovereign wealth fund (SWF) investments

• Infrastructure / real assets

(Ranked by value)

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MEGA DEALS ($10B+)

1 SpaceX 

Investment: $250B (implied combined valuation) xAI is an AI startup founded by Elon Musk in 2023, known for developing the Grok AI model aimed at creating "maximally truth-seeking" AI to understand the universe. This investment seeks dominance in AI infrastructure and  vertical integration of AI + space + satellite data stack. 

2 Devon Energy 

Investment: $58bn for Coterra Energy, a Houston-based, independent American energy company focused on exploring, developing, producing oil and natural gas.  This merger was agreed to create a larger, more diversified shale operator.

3 Paramount Skydance 

Investment:  $110B Warner Bros. who  own a vast portfolio of iconic brands across film, television and streaming, including Warner Bros. Pictures, HBO, CNN, DC Entertainment, Discovery Channel, Food Network and HGTV.

4 Nuveen

Investment: $13.5bn for Schroders, who specialise in active asset management, wealth management and private market investments, managing over £776 billion in assets,  serving institutional and private clients across 38 global locations

5 Banco Santander 

Investment: $12.2 for Webster Financial, a major commercial bank from Connecticut with a major presence in metropolitan NYC with over $80 billion in assets. Banco Santander is a Spanish bank.  

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LARGE DEALS ($5B–$10B)

6 Savvy Games Group 

(Public Investment Fund)

Investment: $6bn for Moonton (Shanghai Moonton Technology Co., Ltd.), a Chinese video game developer, publisher, to pivot further into digital entertainment by expanding gaming IP + esports footprint

7 MTN Group 

Investment: $6.2bn for IHS Towers. One of the world's largest independent owners, operators, and developers of shared telecommunications infrastructure (towers, fiber, and related sites), primarily focused on emerging markets across Africa and Latin America. The acquisition consolidates infrastructure assets and cost efficiencies. 

8 Blackstone + EQT 

Investment: $6.6bn for Urbaser. A leading global environmental management company based in Spain, specializing in urban services, waste treatment, and environmental sustainability. The acquisition provides stable cashflows and ESG infra exposure. 

9 The Brink's Company

Investment: $6.6bn for NCR Atleos dominant influence on the global financial infrastructure through its massive physical footprint in payments/ATM assets; it manages approximately 800,000 ATMs globally, accounting for roughly 20–25% of all operational ATMs worldwide.

10 Mubadala Capital + TWG Global 

Investment: $6.2B for Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world's largest out-of-home (OOH) advertising companies, specializing in both traditional and digital billboard displays.

11 Transocean 

Investment: $5.8B for Valaris Limited (NYSE: VAL) is the world's largest offshore drilling contractor, providing high-specification drilling services to the global oil and gas industry. The combined company will own a massive fleet of 73 rigs, consolidate oilfield services, including fleet consolidation and synergy in cost management.

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MID-LARGE ($1B–$5B)

12 KKR + Singtel 

Investment: $5.1B for ST Telemedia Global Data Centres (STT GDC), a leading global provider of data centre services.  Currently at over 100 facilities across more than 20 major business markets, it’s one of the fastest-growing data centre platforms in the world. Headquartered in Singapore, with a presence spans across Asia and Europe. 

13 NatWest 

Investment: $3.4B for Evelyn Partners, a leading UK-based wealth management and professional services group. Headquartered in London, it manages over £68 billion in assets and operates through a network of 25 offices across the UK, Ireland, and the Channel Islands.

14 Avadel Pharmaceuticals 

Investment: $2.9B for Alkermes (assets); a global biopharmaceutical company headquartered in Dublin, Ireland, that specializes in developing medicines for neuroscience. The acquisition is for it’s biotech pipeline acquisition, including CNS drug portfolio/IP

15 KKR 

Investment: $1.4–2B for Arctos Partners, an expansion into alternative assets  by entry into sports/media investment vertical

16 National Investment and Infrastructure Fund / KKR / Sembcorp 

Investment: $1.5–2B for Sprng Energy (bidding process) to capitalise on the scale up of renewable energy platform. 

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SUB-$1B TO LOWER MID-MARKET (STRATEGIC + SWF THEMES)

17 NatWest 

Investment: $1–2B aggregated. 2026 Fintech Programme: The bank officially opened applications for its second annual Fintech Programme, using Artificial Intelligence (AI) to expand digital banking stack. 

18 Beast Industries 

Investment: Approx $1B for Step, a mobile banking app targeting Gen Z and Gen Alpha with over 7 million users. The acquisition is the cornerstone of "MrBeast Financial," aiming to provide financial literacy, credit building, and potentially cryptocurrency access to younger audiences.

19 CNNC Overseas  

Investment: $0.325bn Stake in Etango uranium, one of the world's largest undeveloped uranium assets located in Namibia. It is the flagship project of the Australian-listed company. 

20 Sovereign Wealth Funds 

(GIC, Qatar Investment Authority, Kuwait Investment Authority). 

Investment: multiple $0.5–2B ticket co-investments in data centres, renewables, infrastructure platforms as Sovereign Wealth Funds double down on private markets. 

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End of Report. 

Compiled by Shakeel, at Xecology. 

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